rupee dollar

Rupee’s worst is likely over, to gain in 2023: HDFC Bank treasurer

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Rupee’s worst is likely over, to gain in 2023: HDFC Bank treasurer

Mumbai: The Indian rupee is likely to have seen the worst in 2022 and could start making a recovery in the new year, giving the Reserve Bank of India a chance to replenish its foreign exchange reserves kitty, a treasurer at told Reuters. “The growth differential and future prospects of better returns will give the … Read more

Rupee fall to help exports rise by up to 10%

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Rupee fall to help exports rise by up to 10%

Indian exporters of carpets, handicrafts and engineering goods expect up to 10% benefit from the ongoing rupee depreciation. Sectors with a low dependence on imports stand to gain while others will lose their benefits to higher oil and commodity prices, they said. The rupee has shed almost 3.5% against the US dollar this year and … Read more